The Ministry of Heavy Industries’ (MHI) tender to select manufacturers for setting up production capacities for at least 50 GWh of advanced chemistry cell (ACC) for energy storage under the production-linked incentive (PLI) program was oversubscribed by 2.6 times with 130 GWh capacity.A total of ten companies, including Reliance New Energy Solar, Hyundai Global Motors, Ola Electric Mobility, Lucas-TVS, Mahindra & Mahindra, Amara Raja Batteries, Exide Industries, Rajesh Exports, Larsen & Toubro, and India Power Corporation, submitted their bids for the tender.The Ministry informed that the manufacturing facilities must be set up within two years. It would disburse the incentive after the facilities were set up over five years on the sale of the batteries.In June 2021, the Department of Heavy Industry issued a notification for the PLI program ‘National program on ACC battery…
Tender to Set Up 50 GWh of ACC for Energy Storage Receives Massive Response
